Table 3 Augmented Dickey Fuller (ADF) test
From: Hedging ship price risk using freight derivatives in the drybulk market
Level | Weekly returns | Monthly returns | |
|---|---|---|---|
Capesize vessel values | |||
5-year | −2.01 | −7.27 | −4.84 |
10-year | −1.97 | −8.46 | −5.08 |
15-year | −1.87 | −8.31 | −5.13 |
20-year | −2.15 | −8.65 | −5.78 |
FFA | |||
Portfolio | −2.06 | −8.79 | −5.93 |